UK inflation spikes to a 10-month high, likely to worry the Bank of England
Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England.
Bank of England interest rate worries over mortgage deals update
Experts advise those with fixed-rate mortgages expiring soon to lock in a new deal at least three months in advance to avoid potential hikes. Borrowers could also consider tracker mortgages, which follow the Bank of England base rate – but these carry the risk of rising if rates don’t come down.
UK inflation rise is a blow to Bank of England interest rate cut path
UK inflation rose unexpectedly to 3% in January, complicating the Bank of England's strategy to cut interest rates gradually amid a weak outlook for economic growth. Consumer prices rose 3% compared to the previous year,
Inflation rise unlikely to shift Bank of England's stance on interest rates
Weak economic growth should weigh on wages, taking the heat out of price pressures. That is the Bank of England's reading of the situation - but the last few years have shown us that the "inflation tiger" can be an unpredictable beast.
U.K. Inflation Reaches 10-Month High, Complicating Bank of England’s Rate Path
Consumer prices were 3.0% higher in January than a year earlier, up from 2.5% in December, complicating the picture for the BOE after it said it would cut interest rates gradually.
Inflation jumps to 10-month high, knocking chance of early interest rate cut
UK inflation jumped more sharply than expected at the start of the year, posing a dilemma for the Bank of England as it considers further interest rate cuts amid weak economic growth. The Office for National Statistics (ONS) said on Wednesday that Consumer Prices Index (CPI) inflation rose to 3% in January from 2.
UK inflation sees further spike as it rises to a 10-month high
January's inflation figure is likely to slow down the Bank of England's delivery of interest rate cuts as inflation remains well above the central bank's government-set target. View on euronews
Nationwide announces major mortgage shakeup with interest rate changes
The building society's move comes after the Bank of England cut interest rates earlier this month from 4.75% to 4.5%.
Why inflation and Trump tariffs mean interest rate cuts are a drop in the ocean for UK small businesses
The interest rate cut is a step in the right direction, but small businesses are facing so many pressures that they will ...
Borrowing costs rise again as UK inflation fears cast doubt over interest rate cuts
In a potential setback for Rachel Reeves (pictured), official figures tare set to show inflation accelerated last month ...
UK economy readings underscore Bank of England's dilemma
A flurry of often contradictory UK economic data and surveys this week has left the Bank of England none the wiser about whether Britain's economy is more at risk of a wave of job losses or a new ...
Forbes2d
Inflation Runs Hot At 3% In Year To January
The Bank of England Governor, Andrew Bailey, told the BBC that, while the trend for UK interest rates to fall will continue, they will not be cut too quickly or by too much: “The path is ...
UK inflation rises to 3% in January on higher transport and food costs
Core inflation, which excludes volatile food, energy, alcohol, and tobacco prices, rose to 3.7% from 3.2% in December—marking ...
British stocks subdued as UK wage growth dulls rate cut hopes
The UK's FTSE 100 closed flat on Tuesday, with banking stocks helping keep overall losses in check, while midcap shares ...
MoneyWeek2d
UK inflation rises by more than expected to 3%
The rate of UK inflation rose by more than expected in January to 3%, up from 2.5% in December. Analysts had been expecting a reading of 2.8%. Read the latest analysis from MoneyWeek.